10/25/10

A major component of home values is much worse than you are being told!

No jobs...No buyers.

No Buyers...No price stability (much less appreciation).

Take a look at this chart that was recently posted on the site Shadow Government Statistics . It shows the 'real' unemployment rate when one factors in people who have dropped out of the labor-force as well as people who work part-time but would prefer full-time if they could get it.

I believe that the most recent official Govt. figure for unemployment was 9.6%....the REAL figure, as reflected below, is over 22%!



 
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